30 Dec 1985
Page 1
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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 30, 1985
Page
1
Schoepfle assesses eight predictions from 1985 for 1986. CPI near 4%, oil at 28 with cuts ongoing, food up 6.5%, dollar down about 20%, GNP growth around 2.5%, unemployment near 7% through year, mortgage rates 11–13%, Dow around 1250–1350 with a current 1543. Positive factors include bullish markets boosting consumer optimism and managed inventories easing cash conversion.
Lorain County expects a slower but steady rebound in 1986 as small and midsize industries fill employment gaps while auto and home sales gain on lower interest rates. Unemployment may fall from 11-12 percent to around 10 percent by year end, with relocations and growth in manufacturing driving the improvement.
Police described Lucas seizing hostages at 5 a.m. in Newport Kentucky across the Ohio River from Cincinnati. He fired from a window, demanded 50 000 dollars and plane tickets to England. He claimed two people were killed recently and warned of a noon deadline.
Ruth Vargo prepares to welcome home her daughter Ruthie 26 from Newfoundland where 248 U S soldiers and eight crew died in the December 12 DC-8 crash returning from a Middle East mission Two funeral plans are underway at Holy Spirit Church in Avon Lake as Ruthie’s body travels from Newfoundland to Cleveland through Philadelphia The family recalls memories not sorrow and Mrs Vargo laments a sympathy card would have helped but focuses on the good times they shared
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